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MAS Is Set To Announce Wide Loss

KUALA LUMPUR -- Malaysian Airline System will report one of its worst annual losses today as it unveils plans to return to profitability in two years, a person close to the company said.

The state-run airline, faced with an aging fleet, high fuel costs and numerous routes that are unprofitable, will report a loss of 1.2 billion ringgit ($323 million) for its fiscal year, the person said.